Profusa, Inc. 8-K

What Happened

• Profusa, Inc. (PFSA) announced it received a Transfer Confirmation Letter from Nasdaq on May 13, 2026, confirming the Company met the May 11, 2026 deadline required by a Nasdaq Hearings Panel decision. Nasdaq will transfer Profusa to The Nasdaq Capital Market effective at the open of market on May 15, 2026. The Panel’s May 6, 2026 Decision Letter granted Profusa an exception to continue listing subject to interim milestones tied to compliance with Nasdaq Listing Rule 5550(a)(2) (the Bid Price Rule) and Rule 5550(b)(2) (the Equity Rule).

Key Details

• Transfer Confirmation Letter received: May 13, 2026; transfer effective: market open May 15, 2026.
• Panel decision date granting exception: May 6, 2026; transfer application filing deadline: May 11, 2026 (met).
• Compliance conditions relate to Nasdaq Listing Rule 5550(a)(2) (bid price) and 5550(b)(2) (equity) instead of the market value alternative under Rule 5550(b)(1).
• Company states it intends to take required actions (e.g., potential financings or reverse stock split) to demonstrate compliance but notes no assurance it will succeed.

Why It Matters

• For investors, the transfer confirms Profusa remains listed on Nasdaq for now, but under specific compliance milestones imposed by the Hearings Panel. Failure to meet those milestones could put the company’s Nasdaq listing at risk. The company’s statements highlight potential corporate actions (like financings or a reverse stock split) that could affect shareholders if used to satisfy listing rules.